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YARDI PRABHUCONSULTANTS & VALUERS PVT. LTD.

AN ISO 9001 - 2008 CERTIFIED & CRISIL RATED COMPANYCORPORATE VALUERS AND CHARTERED ENGINEERS

What is TEV Study ? An entreprenuer / industrialist desirous of setting up to his own industry has to perform multifarious activities in a logical sequence. Setting up of industry may be new or an addition to the existing unit. He has to arrange finance for setting up of new industry or addition to existing industry. He has obtain finance from the Bank or from the market. Before obtaining finance from the Bank, the Bankers will conduct TEV study. Setting up of unit involves the following :

Selection of a product Technical Appraisal Assistance of financial Requirement Arrangement for raw-material and manpower Registration formalities. Preparation of Project Report Financial Appraisal Apply for power connection Installation of plant and machinery and trail run.

Preparation of Project Feasibility Study Economic Appraisal Construction of factory building Marketing of products Market Appraisal Selectin / Location and Acquisition of land Order for plant and machinery Sales Realisation

Is TEV Study is mandatory for the Banks ?On the basis of policy of the Bank, the TEV Study limit has been fixed by the Bankers. TEV study is normally conducted for the loans from Rs.50.00 lacs and above. TEV study is mandatory for the loans above Rs.10.00 crores.

Why TEV Study Report is required for the Bank/ Lender? When proposal of loan is received from the customer/ borrower, the Branch Manager will have to appraise the project to know whether the project

is technically and financially viable? If the Bank lends the money, whether there will be regular repayment of loan? Whether adequate securities are available and what will be the FMV ? What is the position of financials of the Company ?

What is the role of YPCVL ? YPCVL will collect the following information/ documents from the customer/ Bank. He will study the projections given in the project report. He will visit the site to verify the land, building, machinery etc as per the projections. Submit his report on financials and technical aspects of the unit to the Bank with his conclusion.

DETAILS OF TEVS CONDUCTED BY YPCVL TO NAME A FEW

TEV STUDY FOR RESTRUCTURING PURPOSE

Bharat Infrastructure & Engg. Pvt. Ltd.

TV Vision Ltd.Risible Real Estate Pvt. Ltd.

Sanghvi Buildtech LLPEurotas Infrastructure Ltd.Kores (India) Ltd.Wadhwa Realty Pvt. Ltd.Aakashganga Industries Pvt. Ltd.

Golden Fibres LLPDevu Tools Pvt. Ltd.Doner Industries Ltd.

Sical Multimodal & Rail Transport Ltd.

Shri Vallabh Pittie Industries Pvt. Ltd.Privilege Healthcare Services Pvt. Ltd.

Viraj Profiles Ltd.Shreepati Jewels - Pearl and Diamond BuildingReid & Taylor (India) Ltd.

Proposed Redevelopment of Ganpati Niwas CHS Ltd.Proposed Launch of Regional TV ChannelsConstruction of Residential Building “Celebrity Tower”Project Serene City1.65 MMTPA Cement Grinding UnitCapital Expenditure (Capex) ProjectRedevelopment ProjectRing Spun Combed Compact Cotton Yarn Manufacturing ProjetcLinen Yarn Manufacturing ProjectExpansion ProjectExpansion of Waving & Processing Capacity WorksContainer based CFS and Rail Logistics

Proposed Textile Yarn Manufacturing UnitMulti Speciality Sunrise Hospital at Dreams Mall, BhandupProject of fully automatic section rolling millJewels-Pearl and Diamond, Construction

Garment & Suit Factory at Bangalore, Mysore

Oriental Bank of Commerce, Andheri (E)

Punjab National Bank, Brady House, FortVijaya Bank, CBB, Nariman Point

Oriental Bank of Commerce, Santacruz (W)PrivateCentral Bank of India, CFB, FortBank of Baroda, FortPrivate

Corporation Bank, IFB, FortThe Bharat Co-Op. Bank (Mumbai) Ltd., KalwaState Bank of Hyderabad, CFB, Nariman Point

UCO Bank, Flagship Corporate, Nariman Point

PrivateCorporation Bank, IFB, Nariman Point

Axis Bank Ltd., WorliUnion Bank of India, Gowalia Tank

Corporation Bank, LCB, Mumbai

138.80

134.31171.95

70.41472.94

29.57636.20224.89

92.3290.98

Expansion Project 167.60

Modification in Business

Operations (Total Cost) 274.40

465.00160.27

600.00360.59

399.45

Project Cost(In. Crs)Name of the Company Nature of activitiesName of the Bank

Indian Overseas Bank, MangaloreBank of Maharashtra, Worli

Canara Bank, Tamarind Lane, Fort

State Bank of India, Dombivali Industrial Estate

State Bank of India, CAG-I, Ballard Estate

IDBI Bank Ltd., City M.S.M.E. Centre, Guwahati

Allahabad Bank, IFB, MumbaiBank of India, MID Corporate Branch, Seepz, Andheri (E)Indian Overseas Bank, Fort and Canara Bank

Mangalore SEZ Ltd.Venus Bioceuticals Pvt. Ltd.

Jewel Metals Pvt. Ltd.

Prakash Industrial Infrastructure Pvt. Ltd.

Jyoti Structures Ltd.

Hills Cement Company Ltd.

KSL & Industries Ltd.Neysa Jewellery Ltd.

Arviva Industries (India) Ltd.

Special Economic ZoneManufacturing & Selling of Ayurvedic ProductsManufacturing and Supply of E.Q. Copper Bars, Rods, Wires, Strips / Flats, Profiles & Commutators Sections, Brass WiresUndertakes Civil Construction Primarily Industrial Building Works Power Transmission Company

Cement Manufacturing Unit

Textiles and Real Estate BusinessManufacturing of Diamond Studded JewelleryManufacturing of Synthetic Fabric & Garments

699.63Restructuring

ProposalRestructuring

Proposal

508.00

Restructuring Proposal of Rs.

4,600 Crs. DebtsDebt Restructure

153.88 Crs. Debts

600.00125.00

50.00

Project Cost(In. Crs)Name of the Company Nature of activitiesName of the Bank

LENDERS INDEPENDENT ENGINEER (LIE)

Who is Lender's Independent Engineer (LIE)?

After TEV study, the next step is appointment of LIE.

The LIE can be an individual for a small project and a group of engineers or a venture management firm for bigger projects.

They will act as representative of the lender/ banker and get involved with the construction project from the very inception

and look after the interests of the lender.

The LIE will visit the site on periodical intervals (once in quarter) till completion of the project or any other short interval (say

monthly) given by the lender.

What is the Role of LIE?

Before Funds are released to the borrower, the Bankers need a report or certificate to release the fund to the borrower on a

phased manner -

The Banker will issue a letter of indent to act as LIE

Study of the project report, TEV Study submitted by the borrower to the Bank.

Land acquisition.

Construction of building and procurement of plant and machinery.

Obtain necessary plans, sanctions for construction of factory plant.

Environment and forest clearance.

Availability of all statutory clearance for the project.

Check facts and figures in the feasibility report with viable database and market research.

Availability of electricity, water, labour, raw material, access roads, railways and communication facilities.

Climatic and geological factors.

Whether local people have any objection for the project.

Obtain a certificate from the Chartered Accountant about source and application of funds as on the date of visit.

Obtain a certificate from the Architect for the construction of building and percentage of completion of the building.

Obtain a schedule of completion of project.

Completion time and construction programme.

Review of finance by LIE

Total requirement of funds for successful completion of project, taking into consideration the escalation factor.

Availability of funds with the construction agency.

Mode of funds for the entire project.

Mode of schedule of payments.

Plan of utilization of funds.

After release of funds by lender and during execution of the project.

Frequent visits to site of work to ensure :

Adherence to the construction programme.

Judicious utilization of funds.

Procurement of equipment and raw materials.

Judicious deployment of plant, machinery and equipment.

Monetary returns to the lender as per schedule

Liaison between lender and borrower.

Assessment of likely risks and suggest measures to mitigate them including providing suitable assistance for transfer of risk

to insurance agencies.

Monitoring implementation of environment norms.

Quality assurance and quality control.

Whether payments of sub-contractors, suppliers, staff, workers and other agencies are being made as per schedule.

IDBI Bank Ltd., Nariman PointCanara Bank, Surat

Bank of India, MID Corporate Branch, Andheri

Allahabad Bank, WorliCentral Bank of India, FortBank of India, MID Corporate Branch, Vadodara

Allahabad Bank, IFB, FortBank of Baroda, MID Corporate Branch, Nariman PointBank of India, Khandwa Zone

Corporation Bank, CBB, Fort

State Bank of India, Commercial Branch Advances, Mumbai

Canara Bank, Overseas Branch, Surat

Bank of India MID Corporate Branch, Andheri

Indian Overseas Bank, Thane

Bank of Baroda, MID Corporate Branch, Nariman PointYes Bank Ltd., Elphistone Road

Andhra Bank, SCF, Nariman PointBank of Maharashtra, IFB – Fort

Corporation Bank, CBB, Pune & Central Bank of India, MID Corporate Finance Branch, Pune

Bank of Maharashtra, Fort

Dena Bank, CBB, Bandra Corporation Bank, Lower ParelPunjab National Bank, FortPunjab National Bank, Kalyani NagarCorporation Bank, LCB, Andheri & Andhra Bank

Tulip Silk Mills Pvt. Ltd.Pioneer Syntex Private Limited

PNP Polymers Pvt. Ltd.

International Cargo Terminal Pvt. Ltd.Indiabulls Properties Pvt. Ltd.Diamond Power Infrastructure Limited (DPIL)Morarjee Textiles LimitedSteelfab Engineering Corporation – ANA Realty DivisionShree Geeta Textile Mills (P) Limited

Palava Dwellers Pvt. Ltd. (Formerly Known as Lodha Dwellers Pvt Ltd)Lodha Estate Pvt. Ltd.

Gujarat Polyfilms Pvt. Ltd.

Gayatri Shakti Paper & Boards Ltd.

Polygomma Industries Pvt. Ltd.

Juhi Industries Pvt. Ltd.

Patel Engineering Ltd.

Etco Industries Ltd.Shankarratna Sugars (A Division of Shivratna Udyog Ltd.)Lokmangal Agro Industries Ltd., Solapur

Essel Vidyut Vitaran (Sagar) Pvt. Ltd. (EVVSPL)

Khandwa Agroh Pathways Pvt. Ltd.Silver Global Services Pvt. Ltd.Arshiya Northen Ftwz LimitedBedmutha Industries Ltd.Etco Denim P. Ltd.

Expansion ProjectManufacturing of Breathable & Non-Breathable Poly Ethylene Films12,600 MTPA Manufacturing Project of Nylon POY & FDYContainer Freight Station (CFS) ProjectResidential ProjectExpansion Project

Expansion ProjectResidential Project

Manufacturing of Ring Spun Combed Cotton Yarn & Knitted FabricsLand and building (Proposed Project “Experia Mall”) Retail, Mall and Multiplex Development & Construction of Residential Project as part of Special TownshipExpansion Project – Manufacturing of Nylon ChipsManufacturing of Kraft & Krafts Liner BoardManufacturing of EPDM roofing Membranes & Pond LinersExpansion Cum Diversification Project

Road project and Junction development workSpinning Mill (Expansion)2500 TCD sugar Mill & 12.5 MW Congeneration Power ProjectDistillery Expansion Project from 80 KLPD to 160 KLPD of LAIL

Distribution Franchisee Project

Road ProjectContainer Repairs & MaintenanceLogisticsHigh Speed Galvanizing PlantTextiles/ Denim Project (Mfg. of Denim Fabrics)

76.77135.00

115.00

82.871293.432500.00

275.0053.89

67.50

232.29

1869.00

110.00

167.17

27.83

181.21

142.72

76.83150.80

81.62

72.50

152.4114.59

1400.00311.62361.30

Project Cost(In. Crs)Name of the Company Nature of activitiesName of the Bank

AS A READY REFERENCE, WE ARE FURNISHING BELOW THE GIST LIE ASSIGNMENTS HANDLED BY YPCVL -

EMPANELMENTWE ARE EMPANELLED WITH MANY PREMIER BANKS / FINANCIALINSTITUTION FOR TEVs AND LIE AS UNDER :

Bank of Baroda Bank of India Bank of Maharashtra Canara Bank Central Bank of India Corporation Bank

Oriental Bank of Commerce Punjab National Bank State Bank of India State Bank of Mysore The Bharat Co-op Bank (Mumbai) Ltd. UCO Bank

YARDI PRABHUCONSULTANTS & VALUERS PVT. LTD.Regd. Office : 3, Samadhan, Agarkar Chowk, Opp. Rly. Station, Andheri (E) Mumbai - 400 069 • CIN : U74140MH1999PTC122244Tele. Nos. : 67970100 upto 198 • Telefax : 26836946 / 48 • Fax : 67970199 E-mail : info@yardiprabhu.com / yardiprabhu@gmail.com

Corporate Office : 7/8, Samadhan, Agarkar Chowk, Opp. Rly. Station, Andheri (E) Mumbai - 400 069.Tele. Nos. : 61435200 upto 298 • Telefax : 26849966 • Fax : 61435299E-mail : ypcvl@valuersindia.inWebsite : www.valuersindia.com